THE HONOURABLE Ms.JUSTICE P.T.ASHA O.P.No.20 of 2010O.P.No.20 of 2010 award. In these circumstances, there is no infirmity or perversity in the finding of the learned arbitrator. Therefore, I do not find any ground for interfering with the award in so far it related to the second heading, namely, Claim for the payment of penal interest for the delay in payment of final bill. In fine, the award is set aside with reference to compensation granted under the head of loss of overhead charges and erosion of profit. However it is confirmed with reference to the interest granted on the delayed payment of money to the contract. The Original Petition is therefore partly allowed.
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Sekar Reporter
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February 10, 2020
[2/10, 15:05] Sekarreporter: O.P.No.20 of 2010 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 06.02.2020 C O R A M THE HONOURABLE Ms.JUSTICE P.T.ASHA O.P.No.20 of 2010 1.The Government of Tamil Nadu Rep. by Superintending Engineer, Highways Project Circle, Thanjavur. 2.The Divisional Engineer, Highways Project, Trichy. … Petitioners -Vs.- A. Rangasamy S. Selvanayagam Thomas K. Palanichamy S.S. Kuppusamy … Respondents Prayer: Original Petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 praying to set aside the impugned award passed by the Arbitrator, dated 23.04.2009. 1/36 [2/10, 15:06] Sekarreporter: O.P.No.20 of 2010 For petitioners : Mr. Sricharan Rangarajan Special Government Pleader (CS) For Respondent 1 : Mr.Y.Prakash For Respondents 2-4 : No Appearance ORDER The respondents before the arbitral tribunal has challenged the award passed against them in and by which they have been directed to pay interest on delayed payments to the 1st respondent herein as well as compensation for loss of overhead charges and erosion of profits together with interest to the 1st respondent. The facts in brief necessary for considering the challenge to the award are herein below narrated. The 1st respondent herein had invoked arbitral proceedings for recovery of sum of Rs.11,30,591/- towards interest on account of the delay in making the final payment. As against the bill raised on 30.01.2000, the final payment was made only on 04.03.2003. A sum of Rs.47,57,000/- was 2/36 [2/10, 15:07] Sekarreporter: O.P.No.20 of 2010 award. In these circumstances, there is no infirmity or perversity in the finding of the learned arbitrator. Therefore, I do not find any ground for interfering with the award in so far it related to the second heading, namely, Claim for the payment of penal interest for the delay in payment of final bill. In fine, the award is set aside with reference to compensation granted under the head of loss of overhead charges and erosion of profit. However it is confirmed with reference to the interest granted on the delayed payment of money to the contract. The Original Petition is therefore partly allowed. Consequently, connected Application is also closed. No costs. 06.02.2020 Internet : Yes/No Index :Yes/No Speaking / Non-Speaking kan 35/36